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Premiums high in a lower market

Premiums high in a lower market

Premiums high in a lower market MARKET UPDATE We’ve seen a couple weeks of sideways trade in the fed cattle market, which has underperformed as we moved from November to December. The latest weekly price of $110/cwt. was 7.5% lower than a year ago, settling $1/cwt....
First sales of CAB in China

First sales of CAB in China

First sales of CAB in China MARKET UPDATE Spot cattle and boxed beef prices were highly divergent last week. Support to the live cattle side had been built on positive COVID-19 vaccine news and resulting equity market upticks spilling over to CME Live Cattle...
Carcass quality spreads widen on seasonal demand

Carcass quality spreads widen on seasonal demand

Carcass quality spreads widen on seasonal demand MARKET UPDATE In the last CAB Insider, we reported on a rapidly retreating fed cattle market scenario. However, much has changed in the two-week interim. Last week’s $1 to $2/cwt. advance is just a fraction of what many...
Select carcass value pressure

Select carcass value pressure

Select carcass value pressure MARKET UPDATE The fed cattle price recovery that has been painstakingly built since early September has eroded in an extraordinary decline over the past two weeks. All facets of the beef supply chain have acknowledged the fed cattle...
Closing the books on a rollercoaster year

Closing the books on a rollercoaster year

Closing the books on a rollercoaster year MARKET UPDATE Fed cattle prices have steadily increased since the second week in September, adding roughly $7/cwt. to the short-term low at that time. Last week saw early trade mostly at $108 to $109/cwt., with a small amount...